Market Analysis: $C Bearish Continuation
The recent relief rally in $C lacks the volume and momentum needed for a true reversal. Price is currently suffocating under heavy resistance, carving out another lower high on the chart. This "weak bounce" is a classic trap; with sellers defending the overhead supply zone, the path of least resistance remains firmly to the downside.
Expect a breakdown as the prevailing downtrend resumes its course.
The Trade Setup
Strategy: Trend Continuation Short
Leverage: Max 10x
Entry Zone: 0.077 – 0.081
Invalidation (SL): 0.086 (Above recent swing high)
Take Profit Targets:
0.072 (Local Support)
0.067 (Mid-range Target)
0.062 (Major Liquidity Level)
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